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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Burn care market has witnessed various technological advancements and emerged as a standard solution for the treatment in all degrees of burns. Conventional measures of burn care management are being rapidly replaced with advanced products due to the effectiveness of the latter for managing burn injuries, which enables faster healing. Treatments in burn injuries include intervention therapies and use of products such as conventional and advanced care dressings. Unhealed burns do not only diminish quality of life but also increase the risk of infections and complications. Therefore, burn care is an important part of healing process. Moreover, some serious burns may require immediate medical care to prevent further complications and death of patient.

The global burn care market size was valued at US$ 2,219.0 million in 2018, and is expected to witness a CAGR of 6.1% over the forecast period (2019–2026).

Global Burn Care Market Share (%) Analysis, By Product Type, 2019

Source: Coherent Market Insights Analysis (2019)

Global Burn Care Market- Drivers

The burn care market is expected to witness significant growth in the forecast period, owing to increasing incidence of burn injuries. For instance, according to the World Health Organization (WHO) data of March 2018, it is estimated that 180,000 deaths are caused by burns, annually, worldwide. Moreover, a vast majority of these deaths occur in low- and middle-income countries.

Increasing awareness regarding burn care is also expected to drive the burn care market growth over the forecast period. For instance, in February 2019, the American Burn Association organized National Burn Awareness Week in the first full week of the month, which served as an opportunity for burn care organizations, burn survivor support groups, public safety professionals, and injury prevention activists to increase awareness among the population about the frequency and causes of burn injuries in the U.S.

Global Burn Care Market- Restraints

The high cost associated with burn care treatment is expected to hamper the burn care market growth. Majorly, the second and third degree burn cases require prolonged hospital stays, which leads to high costs. For instance, according to the American Burn Association, 2017, in the U.S., for a survivor with 40-60% body burn, the average duration of hospital stay is 54 days and the average cost of the stay is US$ 780,000 per patient, annually. With more severe injuries, these costs can be even higher.

Global Burn Care Market- Regional Insights

On the basis of region, the global burn care market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the global burn care market during the forecast period, owing to presence of major market players in the U.S. such as Acelity LP, 3M, Coloplast A/S, and Integra LifeSciences Corporation.

Asia Pacific is expected to witness a rapid growth in the global burn care market, during the forecast period, owing to increasing government initiatives for burn treatment. For instance, in 2016, Government of India, introduced National Program for Prevention, Management, and Rehabilitation of Burn Injuries (NPPMRBI) in India. This program is implemented through state government medical colleges and district hospitals with the objective to reduce the incidence, morbidity, mortality, and disability due to burn injuries.

Burn wounds are extremely painful, highly traumatic, and can lead to permanent scarring, disfigurement or even death. The management of these wounds is based on the injured area and severity and depth of burn. Burn care market has witnessed various technological advancements to treat all degrees of burns injuries. For instance, in July 2016, a combined team of researchers from the Boston University and Beth Israel Deaconess Medical Center developed new type of hydrogel bandage for burn patients. The hydrogel bandage seals the burn wounds to prevent entry of bacteria and proven to be easily removable.

Market Dynamics

Increasing fire incidences are expected to lead to high demand for treatment of burn injuries, which is expected to drive growth of the burn care market. For instance, in January 2017 , according to the World Health Organization (WHO) data published in the African Journal of Emergency Medicines, burn injuries lead to around 18 million disability cases and over 2,50,000 deaths, annually, of over 90% deaths are registered from low-and middle-income countries. Moreover, the U.S. Fire Department responded to around 1.3 million fire incidences in 2016 and the National Fire Protection Association (NFPA) reported 3,280 civilian deaths and 15,700 civilian injuries in these incidences.

However, increasing number of product recalls due to product failure, component inconsistency, and packaging problems is expected to hamper growth of the burn care market. For instance, in March 2018, Integra LifeSciences Corp. recalled its Manuka Honey Wound Gel, which is used for wound healing of minor scalds and burns, minor cuts, lacerations, and minor abrasions. The reason for recall was incorrect gel part number listed in a master manufacturing record. The product was finally terminated in July 2018.

Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics

The global burn care market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for global burn care market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

Global Burn Care Market, By Product Type:

Advanced Burn Care

Biologics

Traditional Burn Care

Global Burn Care Market, By Burn Degree:

First-Degree

Second-Degree

Third-Degree

Other Degrees

Global Burn Care Market, By End User:

Hospitals

Clinics and Burn Centers

Homecare

Others

Global Burn Care Market, By Region:

North America

By Country:

U.S.

Canada

By Product Type:

Advanced Burn Care

Biologics

Traditional Burn Care

By Burn Degree:

First-Degree

Second-Degree

Third-Degree

Other Degrees

By End User:

Hospitals

Clinics and Burn Center

Homecare

Others

Europe

By Country:

U.K.

Germany

Italy

Spain

France

Russia

Rest of Europe

By Product Type:

Advanced Burn Care

Biologics

Traditional Burn Care

By Burn Degree:

First-Degree

Second-Degree

Third-Degree

Other-Degrees

By End User:

Hospitals

Clinics and Burn Center

Homecare

Others

Asia Pacific

By Country:

Australia

India

China

Japan

ASEAN

South Korea

Rest of Asia Pacific

By Product Type:

Advanced Burn Care

Biologics

Traditional Burn Care

By Burn Degree:

First-Degree

Second-Degree

Third-Degree

Other Degrees

By End User:

Hospitals

Clinics and Burn Center

Homecare

Others

Latin America

By Country:

Brazil

Mexico

Argentina

Rest of Latin America

By Product Type:

Advanced Burn Care

Biologics

Traditional Burn Care

By Burn Degree:

First-Degree

Second-Degree

Third-Degree

Other-Degrees

By End User:

Hospitals

Clinics and Burn Center

Homecare

Others

Middle East

By Country/Region:

GCC

Israel

Rest of Middle East

By Product Type:

Advanced Burn Care

Biologics

Traditional Burn Care

By Burn Degree:

First-Degree

Second-Degree

Third-Degree

Other-Degrees

By End User:

Hospitals

Clinics and Burn Center

Homecare

Others

Africa

By Country/Region:

South Africa

Central Africa

North Africa

By Product Type:

Advanced Burn Care

Biologics

Traditional Burn Care

By Burn Degree:

First-Degree

Second-Degree

Third-Degree

Other-Degrees

By End User:

Hospitals

Clinics and Burn Center

Homecare

Others

Company Profiles

Smith & Nephew Plc.*

Company Overview

Product Portfolio

Financial Performance

Recent Highlights

Strategies

Molnlycke

ConvaTec Inc.

Integra LifeSciences Corporation

3M

Coloplast A/S

Cardinal Health, Inc.

DeRoyal Industries, Inc.

Acelity Lp

Svenska Cellulosa Aktiebolaget (SCA)

“*” marked represents similar segmentation in other categories in the respective section.